Honestly, I've never been a big fan of chasing highs. Watching the coin price surge, I get itchy to follow the trend, but it's often at these times that I get caught. After a few lessons learned, I changed my strategy—don't chase the rise, instead, go short when the price is high.



I keep an eye on coins like PIPPIN and RIVER. Every time the price hits a relatively high level, I decisively open a short position. What's the benefit of doing this? First, it avoids the embarrassment of being caught when chasing highs. Second, shorting at high levels often allows for capturing significant profits.

Of course, this approach isn't a panacea. The key is to understand what truly constitutes a high level—considering both technical analysis and market sentiment. Otherwise, it's easy to chase shorts and end up trapped in a reverse position. But compared to blindly chasing the rise, I think this approach is definitely more reliable.
PIPPIN-21.02%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)